Financial terms of the transaction were not disclosed. Central Valley Meat Co. is a family-owned meat processor in Hanford, California, that was founded in 1993. Harris Ranch Beef has operated in California’s Central Valley for more than 50 years.
“We have known and respected John Harris and Harris Ranch Beef for decades, and I am pleased to have this once-in-a-lifetime opportunity to continue the business’ family-owned legacy and pursue its tremendous potential for growth here in the Central Valley,” said Brian Coelho, president and CEO of Central Valley Meat Co. “While Central Valley Meat Company and Harris Ranch Beef will continue to operate independently, I expect both businesses and their respective customers to benefit from the companies’ shared knowledge, extensive resources and expanded product offering.”
Under the agreement, the two companies will continue to operate independently, with both companies retaining their respective brands.
“The Central Valley has long served as the home of some of the finest beef sold around the world. Today’s announcement cements a future for two family-owned beef operations to continue to thrive,” said Harris Farms owner John Harris. “Brian has a proven track record of growing businesses, and under his leadership Harris Ranch Beef can continue its long and storied legacy.”
None of Harris Farms’ other entities are impacted by the transaction. Its Hospitality Division—including the Harris Ranch Inn and Restaurant, Farms Division, Horse Division, and River—will remain fully owned by Harris Farms.
Lucas Horsfall served as financial advisor to Brian Coelho and Central Valley Meat Holding Co. Stubbs, Alderton & Markiles LLP served as legal counsel to Central Valley Meat Holding Co. Wells Fargo Securities served as financial advisor to Harris Ranch Beef Holding Co. Carriage House Capital Advisors LLC served as financial advisor to Harris Farms Inc. Sheppard, Mullin, Richter & Hampton LLP served as legal counsel to Harris Ranch Beef Holding Co. Bolen Fransen Sawyers LLP served as legal counsel to Harris Farms Inc.